why the facebook, google are banning cryptocurrency?

[crypto1010]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

I would like to think its because of the laws of where these companies are physically located ( the usa)
and banning some of these crypto advertisements is a way to avoid any legal pressings which they could be affected by should one of the citizens invest in some ico that is advertised through their services and turns out to be a ponzi.

[gentlemand]

Interesting that there's lots of talk an attack vector via ads, but little to none about the information contained in your profiles, searches and dealing. There must be masses and masses of people who haven't told the taxman and others anything yet have blurbed all over Facebook about throwing money at crypto.

If someone comes a knocking Facebook or google can locate your every single mention of it. If you've managed to keep your known bank accounts out of it, you might have failed with your online chatter.  

[Donceng]

the prohibition of bitcoin ads on social networks is because so many scams in social networks and they are just securing the accounts of its users, I think this is very good, because users on social networking them too much in advertising bitcoin.

[hacker1001101001]

I think this is due to some big scam project are getting in the crypto world and polluting it and making great losses to their users and company's like Facebook and google respect their users and cannot show any content which comes under a scam or can manipulate the money. This is the main reason behind the ban on the crypto advertising on Facebook.

[AVAMONEY]

I think this is due to some big scam project are getting in the crypto world and polluting it and making great losses to their users and company's like Facebook and google respect their users and cannot show any content which comes under a scam or can manipulate the money. This is the main reason behind the ban on the crypto advertising on Facebook.

So that's the good ones, only left legit ico's project in the ecosystem, let nature make its own selection. Look at the good side of this banning ads, that the coin's already in the market will continue to grow, while we no longer need to worry about the scam of new project's.

[Blue Bell]

Maybe it's because many ico is a hoax from beginning to end, and there is no practical application intelligence to increase advertising and get people to focus on the ico project!

These social media are afraid that people will Sue these social media companies after being cheated!

Well no one can reduce the use of bitcoin but the impostors only but as much as I can see bitcoin will keep on increasing and it will never taste an end, everyone knows the profit and the potential of bitcoin which they can never neglect, advertisement of bitcoin is now being done at very high level, every second TV channel is advertising bitcoin, and all social media campaigns are helping bitcoin to grow and to increase in price, so I think they did not ban bitcoin but they are just deleting the fake and discouraging post of the bitcoin user which makes them think like this.

[Q2kc]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

It is confirmed that Twitter is banning Crypto related ad

[gentlemand]

It is confirmed that Twitter is banning Crypto related ad

Have you ever met anyone who's clicked on a Twitter ad? I haven't. And that's why they'll continue to burn vast amounts of money until they die.

And the real problems with crypto on Twitter are with the content, not the ads.

[mostcrack]

from articles I've read, the causes of facebook and google banning cryptocurrency ads is because there are a handful of people who commit fraud. and possibly the cause of bitcoin prices going down is because facebook and google prohibit cryprocurrency ads.

[bachanhlac]

I think it's a big conspiracy. They are the whales - they launch the news to cause FUD to be able to buy more coin at a good price. Once successfully purchased, they will announce that the forward information is confusing or limited to something. And I also have another possibility that they want to develop their own blockchain, to promote it stronger, more popular, more competitive, they will eliminate, restrict other crypto

All is just personal recognition. Have a nice day

[nidacoinlove]

In my opinion All multi billion companies including social media like Facebook,YouTube,Google are afraid of Bitcoin decentralized fast spreading network and they think that if they don't stop it at the point then they will lose and Bitcoin holders will become billionaires.

Huh! Come on don't make everything so controversial. It's not about stopping anyone to become billionaire but it's just a precautionary measure by them so that no one get harmed through these platforms. They want to protect their users from being fooled through fake ico and stuff. This is the only possible thing they can do to keep the trust of their platforms. This is how I think about it after reading the stance of the social media company about the whole issue.

[rankguide]

Bitcoin Scammer Website Misleading people by google and facebook ads. People investing in many website and losing money.

[ayiaye]

no explanation from the facebook and google, maybe this is just a game for bitcoin prices to be low, because the negative news can cause the decline in bitcoin prices. but I've read in one article that the reason facebook and google banned crypto ads because there are some parties who try to misuse for fraud.

[Holla123]

This article right here might be an eye opener:

CME is not in the market to make money but to keep Bitcoin down as long as possible:

https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

[Adreman23]

maybe because they want money.  Maybe they are planning to ask payment first before allowing crypto advertisement in their platform.

[chengyinoing]

I think maybe Facebook and GuGe think that there are some ICO which is a scam that will harm other people's interests, so advertising is prohibited.

It is as if China's stationary ICO transaction is a truth, lack of control, and some criminals are just to cheat the money.

[MMysterious]

These social media giants should be more mature enough since there are lots of scam advertisements in their sites which not even related to crypto although there are some of it that are crypto related. I believe they are only against any investment schemes and that includes ICOs.

[shoreno]

I think maybe Facebook and GuGe think that there are some ICO which is a scam that will harm other people's interests, so advertising is prohibited.

It is as if China's stationary ICO transaction is a truth, lack of control, and some criminals are just to cheat the money.

it depends on the person if they wanted to get scammed. you know majority of people are still wise enough and they know whether that thing is a scam or not.

 You can only get scammed if you are a lazy person that dont read and do a quick research in regards to your investments. so overall i guess theres nothing to worry about it and these companies and countries shoudnt have ban ico or other crypto related ads in the first place because they arent the ones who can get affected with this issue.

[rankguide]

All are fake news, they are trying to take down bitcoin price.

[Tigorss]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

the fear of more criminal acts, The risk in question is inflation and prone to be used for money laundering and terrorism financing